Apple Plans to Pour $500 Billion Into US as Trump Tariffs Loom—But Not Everyone Buys It
The post Apple Plans to Pour $500 Billion Into US as Trump Tariffs Loom—But Not Everyone Buys It appeared on BitcoinEthereumNews.com.
Apple revealed plans to spend more than $500 billion in the United States over the next four years, marking its largest-ever domestic investment. The massive commitment, announced Monday, includes building a new manufacturing facility in Houston for AI servers, doubling the company’s U.S. Advanced Manufacturing Fund to $10 billion, and hiring approximately 20,000 new employees focused primarily on research and development. Did you know? ake significant investments in the US,” Tim Cook, Apple’s CEO, said in his official X account. “Today, we’re announcing a $500 billion commitment to support American innovation, advanced manufacturing, and high tech job creation.” As a proud American company, we’re thrilled to continue to make significant investments in the US. Today, we’re announcing a $500 billion commitment to support American innovation, advanced manufacturing, and high tech job creation. https://t.co/xoNy7zGqZG — Tim Cook (@tim_cook) February 24, 2025 Apple’s announcement happens in the middle of a complex geopolitical scenario. President Donald Trump’s imposition of a 10% tariff on Chinese imports and threats of a 25% tariff specifically targeting chips may impact Apple’s business. With this massive announcement, Apple may be working to insulate itself from trade tensions that could dramatically affect its supply chain and product costs. Jobs met with Trump in the White House on Feb. 20, one of several major tech leaders who have been trying to cultivate their relationships with the president. The White House was quick to post the news, saying it was an American Victory: According to an official press release, a 250,000-square-foot server manufacturing facility planned for Houston will produce hardware that powers Apple Intelligence, the company’s personal AI system. These servers, Apple said, were previously manufactured outside the U.S. Apple also promised to double its U.S. Advanced Manufacturing Fund, with expansion plans for Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina,…
Filed under: News - @ February 25, 2025 2:19 am